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Investors Are Buying Into Furniture Re-Commerce. Are Clients? (www.architecturaldigest.com)

Investors Are Buying Into Furniture Re-Commerce. Are Clients?

The finance world seems very bullish these days about online marketplaces that deal in gently used furniture and other home-decor wares. Just last September, industry pioneer Chairish scored $33 million in Series B funding from a handful of sources, and Moderne Ventures recently bestowed $5 million on pre-owned-furniture vendor Kaiyo to underwrite an expansion of the company’s U.S. presence. (Investors have been encouraged, perhaps, by an analogous trend in fashion retail: Reports say that sales of secondhand apparel grew 25 times faster than the overall retail clothing market in 2019.)

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